Everything you described falls under the umbrella of Capitalism.
Capitalism will always result in this sort of devolution, because it rewards this sort of behavior.
Constant GDP growth fuels capitalist enterprises because valuations go up and Capital is expanded. That incentivizes governments to make access to Capital easier and regulations on growth looser, which the firms themselves favor in terms of lower taxes, cheaper loans, larger capital markets, etc.
How many business leaders lobby, vote, and push for higher general taxes, stronger labor rights, stricter regulations, and more expensive loans?
The only time you’ll see them doing any of those things, is when it directly hurts one of their major competitors.
This makes perfect sense within a Capitalist framework, because private ownership of the means of production and increasing profitability are literally the core of Capitalism. So of course Capitalists will always tend towards what makes the most money.
All the worst traits of modern Capitalism, (Everything is a subscription, planned obsolescence, shrinkflation, extreme litigiousness over patents and copyrights, ads in everything, predatory pricing & monetization) are the logical result of a Capitalist system.
Everything you described falls under the umbrella of Capitalism.
Capitalism will always result in this sort of devolution, because it rewards this sort of behavior.
Constant GDP growth fuels capitalist enterprises because valuations go up and Capital is expanded. That incentivizes governments to make access to Capital easier and regulations on growth looser, which the firms themselves favor in terms of lower taxes, cheaper loans, larger capital markets, etc.
How many business leaders lobby, vote, and push for higher general taxes, stronger labor rights, stricter regulations, and more expensive loans?
The only time you’ll see them doing any of those things, is when it directly hurts one of their major competitors.
This makes perfect sense within a Capitalist framework, because private ownership of the means of production and increasing profitability are literally the core of Capitalism. So of course Capitalists will always tend towards what makes the most money.
All the worst traits of modern Capitalism, (Everything is a subscription, planned obsolescence, shrinkflation, extreme litigiousness over patents and copyrights, ads in everything, predatory pricing & monetization) are the logical result of a Capitalist system.